Key takeaways
- D-Wave Quantum and Rigetti are taking different approaches to developing quantum computers.
- In August, the company delivered its Q2 numbers and reported that production applications accounted for a growing share of its quantum cloud computing revenue.
- On top of that, with the stock trading at a price-to-sales (P/S) ratio of around 300, its valuation prices in a whole lot of hoped-for future growth.
D-Wave's quantum annealing technology is already being used in production applications, and its agreement with AT&T will expand its use in network operations. Rigetti is developing superconducting quantum computers, with an expanded collaboration involving Hewlett Packard Enterprise and the Pittsburgh Supercomputing Center.
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